I just read that Woodford Aerospace will be closing down in 2012. I have found memories of the Woodford Air-show as a child, I remember getting so excited watching all the plains, I remember one year there were two soviet pilots in the village shop buying chocolate, they were flying the rather awesome Beriev Mermaid. The last air-show took place in 2000, repeated years of bad weather and the increasing cost of using the site, such a shame.
My Great uncle worked for Avro / BA for years, if he were alive I am sure he would be much saddened by the news.
BAe have spent the last few years busily relocating to the United States in order to get more of the US defence spending, I guess it was inevitable that Woodford days were numbered.